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Major Gulf stock markets were mixed in early trade on Monday, with indexes in the United Arab Emirates and Saudi Arabia set for monthly gains amid rising oil prices and signs of economic recovery.
(15 May 2021) Emaar Properties PJSC announced it has achieved significant increased property sales underscoring investors’ continued confidence in Emaar brand and recovery of Dubai real estate market. During the first quarter (January to March) of 2021, Emaar recorded an increase in group property sales of 83 percent to AED 7.115 billion (US$ 1.937 billion) compared to the Q1 2020 group property sales of AED 3.887 billion (US$ 1.058 billion). The property sales were even higher than Q1 2019 by 6%. Backed by robust property sales, Emaar’s Q1 2021 revenue stood at AED 5.993 billion (U...
Dubai’s Emaar Properties reports $1.93bn property sales in Q1 2021, up 83% y-on-y 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP Its net profit increased 8 per cent from $166m in Q1 2020 to $179m in Q1 2021 May 11, 2021 Dubai developer Emaar Properties said on Monday that its group property sales in Q1 2021 were $1.937bn, up 83 per cent compared to $1.058bn it reported in Q1 2020. The developer’s Q1 2021 revenue stood at $1.632bn, up 12 per cent compared to Q1 2020 revenues of $1.451bn. Its net profit al...
Emaar nets $1.9bn in robust Q1 property sales, revenue up 12pc DUBAI, 14 days ago Leading Dubai developer Emaar Properties has achieved significant increased property sales for the first quarter which surged by 83 per cent to hit AED7.115 billion ($1.94 billion) compared to AED3.887 billion ($1.06 billion) last year. The property sales were even higher than Q1 2019 by 6%. Announcing the results for the three-month period ended March 31, Emaar said backed by its robust property sales, the revenue too rose 12 per cent to hit AED5.993 billion ($1.632 billion). The developer posted ...
Dubai shares gain amid property recovery optimism 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP Dubai shares gain amid property recovery optimism The Dubai Financial Market General Index jumped 0.8 per cent as Emaar advanced as much as 2.8 per cent May 10, 2021 Stocks in Dubai were among the biggest gainers across the Middle East amid optimism that Emaar Properties earnings may point to a wider recovery in the emirate. The Dubai Financial Market General Index jumped 0.8 per cent as Emaar advanced as much as...